The addition of new delivery warehouses is an important measure by GFEX to continuously improve the futures delivery service system and enhance the futures market's ability to serve the real economy. As an important component of Huayou Cobalt's layout in the lithium-ion battery materials industry chain, Guangxi Huayou Lithium's inclusion in the list of lithium carbonate futures delivery warehouses marks the company's high recognition from the futures market in terms of product quality, warehouse management, and credit system. It also provides a more solid platform for the company to further participate in the lithium carbonate spot and futures market and serve customers across the industry chain.

Designated delivery warehouses are an important bridge connecting the futures market with the real economy. After becoming a designated delivery warehouse, Guangxi Huayou Lithium will be able to carry out businesses related to the generation and delivery of standard warehouse receipts for lithium carbonate futures. This will help the company more flexibly use futures tools for inventory management and risk hedging, enhancing operational stability. At the same time, this will also strengthen the company's comprehensive service capabilities in the lithium-ion battery materials industry and promote more efficient and safer trade and cooperation between upstream and downstream enterprises in the industry chain.